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Malán to finalize agreement with Yara International
Malann Steel Products Company announced that it has signed a final settlement agreement with Yara International to resolve their financial obligations, reducing the settlement amount from 7.88 million SAR to 6.83 million SAR. The payment was made within ten business days of signing the agreement to settle the legal dispute related to the purchase of a subsidiary record, thereby enhancing the company's financial results and reducing legal costs. If the payment is not made within the designated period, the previous settlement agreement will remain in effect, with the financial impact of the reduction continuing to be reflected in the financial statements.
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